Marsh & McLennan Companies, Inc. (MRSH) to Issue Quarterly Dividend of $0.90 on May 15th

Marsh & McLennan Companies, Inc. (NYSE:MRSH) declared a quarterly dividend on Wednesday, February 25th. Investors of record on Thursday, April 9th will be paid a dividend of 0.90 per share by the financial services provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 9th.

Marsh & McLennan Companies has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Marsh & McLennan Companies has a payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marsh & McLennan Companies to earn $10.48 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 34.4%.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $174.98 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $84.71 billion, a PE ratio of 20.76, a P/E/G ratio of 2.38 and a beta of 0.75. The company has a 50 day simple moving average of $175.26. Marsh & McLennan Companies has a fifty-two week low of $164.89 and a fifty-two week high of $239.34.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.87 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies will post 9.61 EPS for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Several institutional investors have recently modified their holdings of the stock. Hanson & Doremus Investment Management lifted its position in shares of Marsh & McLennan Companies by 31.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after buying an additional 51 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Marsh & McLennan Companies by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after acquiring an additional 54 shares during the period. Procyon Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 56 shares during the period. PFG Investments LLC increased its holdings in shares of Marsh & McLennan Companies by 3.3% in the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 56 shares during the period. Finally, Lindenwold Advisors INC increased its holdings in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock valued at $3,022,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.